First Citizens BancShares, Inc. is a prominent financial institution headquartered in Raleigh, North Carolina. The company's origins trace back to 1898 when it was established as the Bank of Smithfield in Johnston County, primarily serving agricultural customers. Over the years, it underwent several transformations, including becoming First National Bank of Smithfield and later First Citizens Bank & Trust Company. This evolution reflects its commitment to growth and adaptation in the banking sector.
Today, First Citizens operates over 500 branches across the United States, offering a comprehensive suite of financial services. These services encompass personal banking, business banking, commercial banking, wealth management, and investment services. The bank's extensive network and diverse offerings position it as a key player in the national banking landscape.
The bank's commercial division provides specialized services, including treasury management, lending, and trust services, catering to businesses of various sizes. Additionally, First Citizens offers digital banking solutions, enabling customers to manage their finances conveniently online. Its commitment to innovation ensures that clients have access to modern banking tools and resources.
First Citizens has expanded its reach and capabilities through strategic acquisitions. Notably, the bank acquired the assets of Silicon Valley Bank in March 2023, enhancing its presence in the technology and innovation sectors. This move underscores First Citizens' dedication to growth and its ability to adapt to the evolving financial landscape.